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Mortgage In The Russian Federation In January-May 2015

Author

Listed:
  • Georgiy Zadonsky

    (Gaidar Institute for Economic Policy)

Abstract

Within the fi rst fi ve months of 2015, a decrease in the volume of mortgage housing lending (MHL) as compared to the respective period of 2014 amounted to 38.34% and 40.96% in quantitative and monetary terms, respectively. Within the above period, Rb 372,754bn worth of 228,230 MHL was extended. As of 1 June 2015, the outstanding debt on MHL rose by 20.51% as compared to 1 June 2014 and amounted to Rb 3,586 trillion. In 2015 the share of the overdue debt in the outstanding debt rose as of 1 June to 0.96% and 15.63% as regards MHL in rubles and foreign currency, respectively. The weighted average rate on MHL in rubles extended within a month amounted to 13.46% in May 2015 having fallen by 1.25 p.p. as compared to the maximum value in February 2015. In 2015 the total number of MHL in foreign currency amounted to 43 loans.

Suggested Citation

  • Georgiy Zadonsky, 2015. "Mortgage In The Russian Federation In January-May 2015," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 34-36, August.
    • Handle: RePEc:gai:recdev:563
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    More about this item

    Keywords

    : Russian Economy;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations

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